UPDATE 1-US RATE FUTURES-Chances of Fed cuts up on weak job data

(Reuters) - CHICAGO, Aug 3 - U.S. short-term interest rate
futures on Friday boosted the implied chances for Federal
Reserve rate cuts this year after weak July payrolls growth and
a rise in the unemployment rate.




The U.S. Labor Department said 92,000 nonfarm payroll jobs
were created in July, below the median forecast of 130,000. The
July jobless rate inched up to 4.6 percent from 4.5 percent in
June, for its highest since January.


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